Now that ‘binding’ has been defined (sort of), let’s anxiously wait for the meaning of ‘hate speech’
09 May 2019 Leave a comment
The Government seemed to be in a bind about the cannabis referendum to be held at the general election next year. The dilemma was about whether the referendum should be binding.
Referencing a leaked cabinet paper, National Party drug reform spokeswoman Paula Bennett threw doubt on how binding the referendum would be.
National declined to release the paper to protect the source (something of an impediment when it comes to establishing the credibility of claims against political opponents) but said only one of four referendum options due to be discussed by Cabinet yesterday might compel the Government to act on the outcome.
The other three possibilities would not be technically “binding” because the government would not be obliged to act on them.
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Stigler on realism and economic assumptions
09 May 2019 Leave a comment
in applied price theory, George Stigler, history of economic thought
From George Stigler Five Problems in Economic Theory 1949 https://archive.org/details/in.ernet.dli.2015.84261/page/n9
The late Tony Atkinson, a pioneer in inequality research, used to quip that for most of his career his work was “deeply unfashionable.”
09 May 2019 Leave a comment
in applied price theory, George Stigler, history of economic thought, poverty and inequality
From George Stigler Five Problems in Economic Theory 1949 https://archive.org/details/in.ernet.dli.2015.84261/page/n9
NZ Cannabis Referendum – #2: Ardern supports Little’s lies. Incompetence or something worse?
09 May 2019 Leave a comment
This tweet from Chris Bishop caught my eye
Jacinda Ardern embarrassing herself in the House by insisting the cannabis referendum is “binding” against the advice of the Justice Ministry, the Office of the Clerk, experts, and common-sense. There is no end to the depth of the incompetence of this useless government.
— Christopher Bishop (@cjsbishop) May 7, 2019
This is the second in a series of posts about this issue and related matters. It would seem that Jacinda Ardern is further compounding the brazen misinformation put about by Andrew Little when he claimed according to a report from Jane Patterson at RNZ
Cabinet ministers have agreed the referendum will be binding, based on agreement by all three governing parties.
“The voters’ choice will be binding because all of the parties that make up the current government have committed to abide by the outcome,” Justice Minister Andrew Little said.
Now this…
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Jonathan Haidt: Three Stories About Capitalism (2014 WORLD.MINDS)
09 May 2019 Leave a comment
in development economics, economic growth, economic history, economics of religion, growth miracles, health and safety, health economics, industrial organisation, labour economics, labour supply, law and economics, poverty and inequality, property rights, survivor principle Tags: moral psychology, pessimism bias, The Great Enrichment
The folly of war for Germany
09 May 2019 Leave a comment
in defence economics, war and peace Tags: World War I, World War II
Finn E. Kydland, Economic Policy and Sustainable Growth
09 May 2019 Leave a comment
in budget deficits, business cycles, comparative institutional analysis, development economics, economic growth, fiscal policy, law and economics, macroeconomics, property rights Tags: time inconsistency
The Price of Peace
09 May 2019 Leave a comment
in defence economics, economic history, laws of war, war and peace
Milton Friedman Speaks – Is Capitalism Humane?
08 May 2019 Leave a comment
in applied price theory, applied welfare economics, development economics, economic history, industrial organisation, Marxist economics, Milton Friedman, Public Choice, Rawls and Nozick Tags: capitalism and freedom
George Carlin on the Environment and Environmentalists
08 May 2019 Leave a comment
This is worth another look and is a humorous way to view the issues covered by Earth Day as well as this website. Comedian George Carlin (1937 – 2008) gives a hilarious look at the environment and environmentalists during a comedy special he did. Carlin told the truth that the Earth has been through a lot worse than man’s influence.
Against Guilt by Historical Association: A Note on MacLean’s “Democracy in Chains”
08 May 2019 Leave a comment
It’s this summer’s hottest pastime for libertarian-leaning academics: finding examples of bad scholarship in Nancy MacLean’s new book Democracy in Chains. For those out of the loop, MacLean, a history professor at Duke University, argues in her book that Nobel-prize winning public choice economist James Buchanan is part of some Koch-funded vast right-libertarian conspiracy to destroy democracy as inspired by southern racist agrarians and confederates like John Calhoun. This glowing review from NPR should give you a taste of her argument, which often has the air of a bizarre conspiracy theory. Unfortunately, to make these arguments she’s had to cut some huge corners in her federally-funded research. Here’s a round-up of her dishonesty:
- David Bernstein points out how MacLean’s own sources contradict her claims that libertarian Frank Chodorov disagreed with the ruling in Brown v. Board.
- Russ Roberts reveals how out-of-context Tyler Cowen was taken by MacLean, misquoting him…
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